Pakistan, Jan. 24 -- WASHINGTON - The United States is considering removing 25% tariffs on India after Indian imports of Russian oil fell sharply, officials said. Treasury Secretary Scott Bessent highlighted the reduction as a positive development for trade relations. The potential move comes amid ongoing tensions over India's past purchases of Russian crude.

Trade friction escalated in August when U.S. President Donald Trump doubled tariffs on Indian goods to 50%, including a 25% levy targeting Russian oil imports. The tariffs aimed to curb India's reliance on discounted Russian crude amid global sanctions.

Read more: US sanctions bill threatens 500% tariffs on India over Russian oil

Bessent, speaking at the World Economic Forum, said...